Genasys Inc. $GNSS Shares Sold by Integrity Wealth Advisors Inc.

Integrity Wealth Advisors Inc. cut its stake in shares of Genasys Inc. (NASDAQ:GNSS) by 59.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,452,499 shares of the company’s stock after selling 7,913,652 shares during the quarter. Genasys makes up approximately 8.0% of Integrity Wealth Advisors Inc.’s portfolio, making the stock its 4th biggest position. Integrity Wealth Advisors Inc. owned 12.06% of Genasys worth $11,723,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacific Ridge Capital Partners LLC grew its position in shares of Genasys by 16.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock worth $2,847,000 after buying an additional 190,838 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in Genasys by 10.7% during the fourth quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock worth $2,218,000 after purchasing an additional 100,253 shares during the last quarter. Prospera Financial Services Inc lifted its stake in Genasys by 17.1% during the fourth quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock worth $618,000 after purchasing an additional 42,000 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Genasys by 76.6% during the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock worth $449,000 after purchasing an additional 79,493 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Genasys by 36.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock worth $257,000 after purchasing an additional 31,750 shares during the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

Genasys Stock Down 2.6%

GNSS stock opened at $1.68 on Thursday. The business has a 50 day moving average price of $1.92 and a 200 day moving average price of $2.00. The stock has a market cap of $76.28 million, a price-to-earnings ratio of -9.85 and a beta of 0.70. Genasys Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $2.70.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. Genasys had a negative return on equity of 314.53% and a negative net margin of 13.44%.The company had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $15.20 million. As a group, sell-side analysts anticipate that Genasys Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

GNSS has been the subject of several recent analyst reports. Ascendiant Capital Markets boosted their target price on Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Finally, Lake Street Capital initiated coverage on Genasys in a research note on Friday, March 13th. They set a “buy” rating and a $4.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

About Genasys

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.